The various company law frameworks across twenty-seven Member States are experienced as a barrier to innovation, investment and growth, especially for startup and venture capital companies. In a response thereto, the European Commission has proposed a 28th regime corporate legal framework – EU Inc., being a harmonised corporate regime designed to simplify cross‑border business across the EU.
In this edition of Quoted this proposal for an EU Inc. is described in more detail, while also addressing a number of its key shortcomings and areas of concern.
The proposed EU Inc. promises a digital and more harmonised company form. However, how uniform will it be in practice when share transfers, disputes, financing, insolvency and enforcement remain closely connected to the national laws of the Member States?
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